Analysis: Federal Fiscal Burden Consumes 93 Percent of America’s Wealth

Based on data from a U.S. Treasury report, the federal government has amassed $142 trillion in debts, liabilities, and unfunded obligations. This staggering figure equals 93% of all the wealth Americans have accumulated since the nation’s founding, estimated by the Federal Reserve to be $152 trillion.

Unlike other measures of federal red ink that cover an arbitrary period, extend into the infinite future, or ignore government resources, the figure of $142 trillion applies strictly to Americans who are alive right now and includes the government’s commercial assets. Thus, it quantifies the financial burden that today’s Americans are leaving to their children and future generations.

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Federal Employees’ Political Donations Largely Went to Biden, Other Dems in 2023

Government Workers

Over 60% of political donations to prominent political committees made by employees of the federal government’s 15 cabinet-level departments flowed to President Joe Biden and other Democrats in 2023, according to a Daily Caller News Foundation analysis of Federal Election Commission records.

The DCNF filtered donations in calendar year 2023 by individuals who listed their employer as one of 15 cabinet agencies, and who donated to the Biden campaign, the Biden Victory Fund, the Trump campaign, Save America PAC, and the respective congressional and senatorial fundraising committees for each party.

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Treasury Inspector General Audit: 42,000 Federal Employees ‘Repeatedly’ Don’t File Federal Returns

Tens of thousands of federal employees have “repeatedly” failed to file their federal tax returns, according to a new federal watchdog report.

The Treasury Inspector General for Tax Administration flags 42,000 so-called “federal employee non-filers” and states the government is limited in its authority to punish them, according to the Washington Times.

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Biden Requiring Federal Government Workers to Show Proof of Vaccination

COVID-19 AstraZeneca Vaccine vial and NHS record card

President Joe Biden on Thursday said his administration will require all federal employees and contractors to show proof of vaccination, a move met with swift opposition from Texas elected officials.

Federal workers or contractors who can’t show a proof of vaccination will be required to wear masks, practice physical distancing, and be subject to twice-weekly COVID-19 tests under the new rules.

Biden encouraged the private sector and professional sports leagues to follow suit in an address on Thursday.

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Biden Expected to Issue Vaccine Mandate for Federal Employees

President Joe Biden is expected to announce Thursday that all federal employees and contractors must receive the COVID vaccination or undergo regular COVID testing, just two days after the U.S. Centers for Disease Control and Prevention announced that vaccinated Americans should resume wearing masks.

Though the decision is not official, Republicans have begun criticizing it and the CDC’s mask reversal, calling them federal overreach. The CDC in May said vaccinated individuals did not ned to wear masks.

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